First, don't tell others how to post. You're not the arbiter of discussions. Posts like yours are themselves ad hominem attacks and attempts to deflect from engaging substantively in the discussion by appealing to some moral high ground that you think you occupy. You are not your karma score.
Second, you can't even articulate what my argument is (how do I know that you can't even articulate what my argument is? because I haven't made one, all I've done is ask for more information about yours), so how can you call it weak?
Third, you still haven't answered my original question: what is the last company to receive a bailout under your definition? More broadly, you haven't articulated what a bailout even is. It's telling that you haven't: you're not interested in a discussion, you're interested in making a political statement.
" We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie Mae and Freddie Mac.
For each entity, we provide a “Net Outstanding” amount, which shows how deep taxpayers are in the hole after accounting for any revenue the government has received (usually through interest or dividends).
Companies that failed to repay the government and resulted in a loss are shaded red. You can see a list of those investments here. All other investments either returned a profit to the government or might still be repaid. Recipients of aid through TARP’s housing programs (such as mortgage servicers and state housing orgs) received subsidies that were never intended to be repaid, so we don’t mark those as losses..
"
So the lines marked in RED are where money was given to a private company and never repaid. That is an outstanding "loss" on a bailout.
So your definition of a bailout is "entities that received money under TARP plus Fannie and Freddie." This is a strange definition and it means that the last bailout that possibly could have happened was on October 3, 2010 per https://home.treasury.gov/data/troubled-asset-relief-program ("The authority to make new commitments through TARP ended October 3, 2010, at which time Treasury shifted focus to the orderly wind-down of TARP. As of September 30, 2023, all TARP programs have closed, and there are no remaining troubled assets held by OFS.").
Indeed, looking at what you believe to be the "last company to receive a bailout" we can see that they were bailed out in 2009. The August 2022 event that you believe to be a bailout is, as the description aptly notes, a "Partial Repayment" of their bailout from 2009.
To be honest, it seems like you have no idea what you’re talking about. Almost like you're just reciting some stupid Twitter/Reddit talking point that you agree with but don’t understand beyond "Arghhhhh I hate big corps! The system sucks! Corporations privatize profits and socialize losses!"
> To be honest, it seems like you have no idea what you’re talking about. Almost like you're just reciting some stupid Twitter/Reddit talking point that you agree with but don’t understand beyond "Arghhhhh I hate big corps! The system sucks! Corporations privatize profits and socialize losses!"
You said that already, verbatim.
Saying the same thing over and over does not help move the discussion forward, and is utterly pointless.
Do you want to have a discussion and exchange ideas, or just attack my ideas? So far you have shared none of your own ideas. Why is that?
Starting in 2008 GM were dispersed $50B dollars. As of today there is still $11.3B outstanding.
GM gross profit for the quarter ending September 30, 2023 was $5.356B (so roughly $20B a year). Do you not think GM should have to pay back some of that outstanding $11.3B ?
You don't think American society would be better off if taxpayer money was used to benefit tax payers instead of private companies so they can pay their CEO $38.9 million dollars a year?
What is your definition of bailout? how does it differ from the site I linked? do you think they are not problematic?
(if you share your thoughts and input I will learn something and be better educated as a result, rather than just continuing to attack me as a person.)
Please don't do that. It makes your argument look very weak, and it's not polite. We're here to have a discussion, not attack people.